Your answer would be A: Budget.
Answer:
Profit Maximising Quantity = 775
Explanation:
Price P = 35 - 0.02Q
Total Revenue TR = Price x Quantity = P X Q
= (35 - 0.02Q)(Q) = 35Q - 0.02Q^2
Total Cost TC = 8000 + 4Q
Profit = TR - TC
[35Q - 0.02Q^2] - [8000+4Q] = 35Q - 0.02Q^2 - 8000 - 4Q
Profit Function = - 0.02Q^2 + 31Q - 8000
To find out profit maximising Quantity , we will differentiate Profit Function with respect to Q & equate it to 0.
dTR/ dQ = -0.04Q + 31 = 0
Q = 31/0.04 = 775
To verify whether 775 is profit maximising Q, we will do second derivative & check that it is negative.
d^2TR/ dQ^2 = -0.04 i.e < 0 (negative)
So 775 is profit maximising quantity
Succession takes place when what you've reached the your overall goal/goals.
This is an example of anticipatory change in the market and working accordingly.
Explanation:
The cost of inflation int he country that Van works in have risen up directly and this increase in the rate of change of inflation has led to volatility in the market.
SO he updates the prices every day and sends newspaper inserts advertising the new prices. This makes it better for him to deal with the inflation that is happening and fluctuating everyday.
This makes the functioning smooth in context of his daily dealings with costumers who need to be aware of what is happening in the market.